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IRS Tax Levy

A tax levy can cause a lot of stress. When the IRS has tried other tactics to no avail, they can file a tax levy against a person to assure that they get their money. If you have a Federal Tax Levy filed against you, you may need the help of a qualified professional. New York Tax Attorney Service is located in New York City, and can be contacted at (347) 535-4017, to get an immediate, FREE, consultation.

What is an IRS Tax Levy?

A tax levy is when the IRS can actually seize your personal property to satisfy the amount you owe to them. This can be in many different forms such as; a house or car, retirement account dividends, bank accounts, rental incomes, etc. This can be a very frightening occurrence that can happen to any person who does not pay their taxes or try to make an arrangement with the IRS. It can usually take about 30 days after you have received a final notice of intent, so if you have received this notice, contact a professional today at (347) 535-4017.
GET A FREE CONSULTATION ABOUT YOUR IRS TAX LEVY.
CALL A TAX ANALYST AT (347) 535-4017!

New York State Tax Levy

The state of New York may also issue a tax levy against a person. A tax warrant will be issued and a 3rd party, probably a bank, will be required to take the money from you and send it to the State of New York. Any parties involved can be ordered to pay the tax levy. There are a few incomes that are protected from a state levy, and they are:
  • Public Assistance
  • Social Security
  • Supplemental Security Income
  • Child Support
  • Alimony
  • Unemployment
  • Workers Comp
  • Disability
  • Pensions
For a full list and explanations, visit the IRS website here.

Financial Hardships:

If a tax levy is causing an immediate financial hardship, then the levy may be released, although this does not mean you don’t have to pay back the money. The IRS can work an agreement out with you that will not cause you any economic hardships. They will then contact the bank or your employer that is processing the levy, so stop the financial hardship, as soon as they can.
FINANCIAL HARDSHIPS? GET A FREE IRS TAX LEVY CONSULTATION NOW.
CALL A TAX ANALYST AT (347) 535-4017!

What can I do if I receive an IRS Tax Levy?

If you have just received a notice of intent, then the first step you should take is to either contact a tax professional, or contact the IRS directly. You may still have time to work out an agreement with the IRS, so they will release the levy against you.   A levy is usually a final resort in the collection process, and it can seem like a very extreme measure. Your best option is always paying your taxes in a timely manner. By the time the IRS gets to the point of a tax levy the small amount you started with could easily be doubled. The IRS adds penalties and interest to every late payment.   If the IRS has already begun the process of liquidating your assets, contact a professional, immediately by calling (347) 535-4017 to discuss your options.
IF YOU HAVE AN IRS TAX LEVY THEN GET A FREE TAX LEVY CONSULTATION.
CALL A TAX ANALYST AT (347) 535-4017 RIGHT AWAY!
 
 

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An IRS levy on your bank accounts or other assets can be a really scary thing to wake up to. If you have an IRS tax levy and the IRS is now taking your valuable property you need to act quickly and call for a free consultation as to what your options are in dealing with the IRS and an IRS Levy. Call (347) 535-4017 right now!